Global insulin market to hit $40.2B by 2018, report says
WELLESLEY, Mass. – The market for insulin and insulin delivery devices, which was $24 billion last year and should reach $25.7 billion this year, will grow significant in the next five years, according to a recent report from BCC Research. By 2018, the market should hit $40.2 billion, the research group believes. The market for insulin drug and delivery technology is dynamic and develops quickly, with new advancements, increased awareness and early detection contributing to growth, according to the report. A study published earlier this month showed the percentage of Chinese with diabetes is now greater than the percentage of Americans with the disease.